Peyton has adjusted gross income of $2,000,000 on his 2015 tax return,filed April 15,2016.He accidentally failed to include $200,000 that he received for a television advertisement.How long does the IRS have to audit Peyton's federal tax return?
A)until April 15,2018
B)until April 15,2019
C)until April 15,2022
D)The IRS can audit Peyton's return at any future date.

Question

Quizplus · Accepted Answer

The IRS generally has three years from the date of filing to audit a tax return. Therefore, in this case, the IRS has until April 15, 2019 to audit Peyton's tax return.

Peyton Has Adjusted Gross Income of $2,000,000 on His 2015